Updated 29 August 2025 at 11:02 IST
RBI Report on EVs: States that provide financial assistance in the form of subsidies and grants are witnessing stronger adoption of two-wheeler electric vehicles (2W-EVs). Follow :
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RBI Report on EVs: States that provide financial assistance in the form of subsidies and grants are witnessing stronger adoption of two-wheeler electric vehicles (2W-EVs), according to a study report by the Reserve Bank of India. The report highlighted that supportive policies at the state level have played a key role in shaping the adoption trajectory of EVs across different regions of the country.
It stated, “Most state governments have been offering incentives such as subsidies along with tax and registration fee waivers on every new 2W-EV purchase. On the other hand, a few states did not offer any additional subsidies beyond tax and registration fee waivers.”
The report analysis of 23 states showed a clear difference in adoption trends. In the September 2023 quarter, six states that only offered tax and registration fee waivers, without any extra subsidy, recorded a sharp 24 per cent fall in adoption ratio on a quarter-on-quarter basis.
On the other hand, 17 states that provided top-up subsidies in addition to tax and registration waivers w
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